News Column

Dreyfus High Yield Strategies Fund (DHF) Announces Reduction to Investment Management and Administration Fee

July 23, 2014



NEW YORK--(BUSINESS WIRE)-- On July 23, 2014, the Board of Trustees of DHF approved a revised Investment Management and Administration Agreement between DHF and The Dreyfus Corporation, DHF's investment adviser ("Dreyfus"), to reflect a reduction to the investment management and administration fee of DHF, effective August 1, 2014. The investment management and administration fee had been computed at the annual rate of .90% of the value of DHF's average weekly total assets minus the sum of accrued liabilities (other than the aggregate indebtedness constituting financial leverage) (the "Managed Assets") and, effective August 1, 2014, the investment management and administration fee will be computed at the annual rate of .75% of the value of DHF's Managed Assets. Dreyfus had been waiving receipt of a portion of DHF's investment management and administration fee in the amount of .15% of the Managed Assets but, in light of the reduction of the investment management and administration fee, that waiver will be terminated, effective August 1, 2014.



For Press Inquiries:

The Dreyfus Corporation

Patrice M. Kozlowski

212-922-6030

or

For Other Inquiries:

MBSC Securities Corporation

The National Marketing Desk

200 Park Avenue

New York, New York 10166

1-800-334-6899

Source: Dreyfus High Yield Strategies Fund


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Source: Business Wire


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